TAIPEI/TOKYO/SEOUL -- With its share of the smartphone market slipping, Apple plans to launch a lower-cost iPhone next spring to win customers in emerging markets and retake ground in China lost to Huawei Technologies and other rivals, sources said.
The new model would be Apple's first low-cost smartphone since the launch of the iPhone SE in 2016, which started at $399. Though the name and price of the new model hasn't been decided, it is viewed as the latest generation of the iPhone SE.
